Indianapolis Times, Indianapolis, Marion County, 9 February 1940 — Page 8

BUILDING COSTS DECLINE IN CITY,

NEW OFFICERS

T0 TAKE REINS

INJURED REALTORS

REPORTED IMPROVED

A. H. Merriam Graves and Everett J. Holloway, Indianapolis real estate dealers who were injured in an automobile ‘accident in Miami, Fla.,

NELMUS, NEWMAN

FORM REALTY FIRM

Herbert *P. Helmus and Paul I} Drive Out or Phone

a week ago, will be able to return to their homes here within the next two weeks, their friends were informed today. Mr. Graves, secretary-treasurer of

Newman, veteran Indianapolis real estate salesmen, have formed a partnership for the purpose of conducting a general real estate brokerage

New Augusta 24

SURVEY SHOWS

Real Estate Board Executive

Will Be Inducted at EAGLE

Total for Six-Room House . In January Is $250 Below ’39 Figure.

The cost of building a standard six-room house in Indianapolis last month was approximately $350 less than a year ago, the Federal Home Loan Bank Review reported today. The Review, official organ of the Federal Home Loan Bank Board in Washington, fixed the cost of constructing a standard six-room house here last month at $5582 as compared with $5831 a year ago. It reported that the cubic-foot construction cost here last month was 23.3 cents. The January, 1940, building costs were the lowest since January, 1937, when the approximate cost of building a six-room house here was $5505. In January, 1936, the costs were still lower, the*total for a sixroom house being $5453.

Chart Shows Decline .

> A chart of the costs of building 2 six-room house here during the month of January for the past five years, as fixed by the Review, follows: 1940

1939 1938

sesesscsossacese 33582 ®0ce0scoreesPocoe 5831 3 9000000000000 0000 5711 193% coiieioninnoncees 5305 1936 0c 0cRRORcRRLRR 5453

Building costs in Indianapqlis during the past year reached a peak in A and have been declining steadily since then, the Review said.

Cost Was $5966 in April

In April, the average cost for a six-room house was $5966. In July, the cost had dropped to $5956, and in October had declined still further to $5725. The house on which costs are reported is a detached six-room home of 24,000 cubic feet volume, with living room, dining room, kitchen and lavatory on the first floor and three bedrooms and a bath on the second floor. The exterior is wide-board siding with brick and stucco as features of design. Best quality materials and workmanship are used throughout.

House Not Complete

The house is not completed ready for occupancy. It includes all fundamental structural elements, an attached one-car garage, an unfinished cellar, an unfinished attie, a fireplace, essential heating, plumbing and electric wiring equipment and complete insulation. The costs do not include wallpaper nor other wall or ceiling finish on interior plastered surface, lighting fixtures, refrigerators, water heaters, ranges, screens, weather stripping nor window shades. Reported costs include, in addition to material and labor costs, compensation insurance, an allowance for contractor’s overhead and transportation of materials, plus 10 per cent for builder's profit. Reported costs do not include the cost of land nor of surveying, the cost of platting the lot, nor of providing walks and driveways. They do not include architect’s fee, costs of building permit, financing charges nor sale costs.

KLEYMEYER HEADS » EVANSVILLE SHOW

Harry F. Kleymeyer has been named chairman of Evansville’s 1940 Home Complete Exposition to be held early in March, according to Harry Fitzgerald, Evansville Real Estate Board president. Members of a committee assisting Mr. Kleymeyer on the show are Helen Peva, Eli Stingle, Louis Wyttenbach and Phail Stovall.

SALES TO BE REPORTED

A report of sales will feature the weekly meeting of the North Side Realtors Association at 12:15 p. m. Monday at the Canary Cottage, acSone to John W. Robbins, presiden

Joe Williams

Hardwood Floors EXPERT WORK

DR. 4830-R Sh De Street

Built-in KITSNEN CABINETS

farpets, Armstrong Linoleum’ Linowall. See Our Large Dismind

Jordan’ s Cabinet & Linoleum to. 0.

. Washington St.

FENCE

for EVERY PURPOSE

Call LI. 8531 for Free Estimating Service on Material Only or

Erection Complete Easy Payments if Desired

Sears, Roebuck snd Co.

mansion at 5361 Washington Blvd.,

The eight-room house, of the

It is heated by steam and oil. There are three bedrooms with the kitchen.

volume of Business by 50 per cent

a beautiful circular staircase, a glass kitchen the basement with a regular hardwood Sunce floor and a fireplace.

One of the larger North Side homes to be sold recently was this

which was| purchased by Mr. and

Mrs. Louis H. Trinz through Jack C. Carr, realtor.

Center Hall English type, features d a large ballroom in

a maid’s i downstairs adjoining

Mr. Carr sald there is a marked trend of increased activity in the buying of North Side homes. He said he expected to increase his total

over his 1939 sales of $500,000.

Times Special FRENCH LICK SPRINGS, Ind, Feb. 9.—Every wall of a room a dif-

ferent color— That's the 1940 trend, according to plans outlined at the convention here of the Painting and Decorating Contractors of America. Home owners should keep pace with the times in home decoration just as in wearing apparel, cosmetics and hair dressing, the contractors said. The contractors intend to.advise home owners to dress up uninteresting features—if one wall of a room is drab, bring it fo life with

REAL ESTATE GOURSE

Forty persons have enrolled in a class to study principles of real estate brokerage and property management at the Indiana University Extension Center here. Deadline for enrollment is next Wednesday night. The first meeting was held last Wednesday. The class is held from 6 to 8 p. m. each Wednesday during the s=cond semester under the direction of Dean Arthur M. Weimer of the I. U. School of Business. He is assisted by Urban K. Wille, executive secretary of the Indaziapolis Real Estate Board. The course is the first to be offered by the I. U. Extension Center in this particular branch of the real estate business. The first part of the course is to deal with the selling of real estate and will include studies ,on the salability of real estate, impelling motives in selling and buying, the mental processes of a sale, building a sales talk and the methods of successful realtors in securing, qualifying and classifying prospects. The latter half of the course will deal with everyday management problems, an analysis of the manager's duties, methods of acquiring management business, tenant service and the building of good will, and the problems of building maintenance. Many of the persons enrolled in the class are home owners and students wishing to learn the fundamentals of this field of the real estate business.

If you purchased your home ‘on Contract,”

it may now be possible to obtain

40 ENROLLED IN I. U,

Confrast—That's ‘40 Trend, Paint Contractors Assert

color by using a different pattern or shade than that on the other three walls.| “Contrast; that’s the 1940 trend,” they say. They want contrast between walls and ceiling, contrast between adjoining roo not shocking but in harmony of complement—bringing out the best features of a room by contrasting dark colors and . light colors to make big things look smaller, small things look bigger. This new color scheme is called “Paint Styling.” Here are a few ideas from the contractors on styling interiors according to the diectates of paint fashion: Halls—The hall is the handshake of the house, It should greet people with a bright smile. Paint with bright, cheerful colors. Living Rooms—If the living room is square and uninteresting feature one wall with a different pattern as a local point of interest, such as the wall above the fireplace. Small living rooms can be made to appear more spacious by use of a light, single color on walls and ceiling. Ceilings which appear too high should be painted darker than the sidewalls to make them seem lower. Dining Rooms—Use a color harmonizing with the living room color scheme or in complement to it. Libraries—Rich colors will enhance the tones of book bindings. Kitchens—If appliances are white, any color is sucessful. If the room is small, use |one bright color; if large, use two tones of the same color, one light, the other dark. Breakfast Nook—If the nook is part of the kitchen, paint it the same color. If it is off by itself, any color will do providing a stenciled or applied design is used to make it artistic. Bedrooms—Paint brightly, cheerfully, using your favorite color. Rumpus Room—You are the color “magician” here.

A APARTMENT OWNERS WILL HEAR G. L. CARR

“What Every [Businessman Should Know About His Fire Insurance” is the topic to be| discussed by George L. Carr at a meeting of the Indianapolis Apartment Owners and Managers’ Association next Wednesday at the Hotel Washington. Mr. Carr is trict representative of Lloyd-Thomas Co. appraisal engineers. Miss Mary Molloy is program committee chairman.

WIRING IMPORTANT TO HOME BUILDERS

Prospective home builders should not take i$ for |granted that their new homes will have proper electric lighting and convenience outlets for the use of appliances. Careful checking of the plans will assure correct installation of a wiring

New North Side Development Sold.

These six houses, all completed within the last year, are the first to be built in the new 10-acre Forest Manor Estates development by M. G. Gerdenich, ‘building contractor. The houses face west on Forest Manor Ave. just north of 35th St. Five of them already have been sold and are occupied. The average cost is around $6000. Two of the houses are two-story brick colonials; one is a one-story colonial; two are English bungalows, and one is an Ohio farm-style house: The unsold house is an English bungalow. All the houses have attached garages, fireplaces and recreation rooms in the basement. All are built on newly improved lots and the grounds are landscaped. Nearly all of the houses have automatic heating systems. All have concrete drives leading to the garages. The houses have either three bedrooms or two bedrooms with two more roots that can converted into bedrooms. Mr. Gerdenich, who owns the Forest Manor Estates, said he has three more houses sold and will start construction of them as soon as the weather permits. The development is located between 35th and 36th Sts., and Forest Manor Ave. and Janet Drive. Glad= stone Ave, . which separates the property, and Janet Drive are to be paved this spring between 35th and 36th Sts., as well as 35th St., from Forest Manor Ave. to Janet Drive. Forest Manor Ave. is already paved between 35th and 36th Sts. The development is located within five blocks of two schools and a new

Forest Manor Ave. where Fred Ducker is building a drugstore and grocery. The 10 acres has been divided into 48 lots and Mr. Gerdenich intends to build on all of them. He points out that the development is out far enough to get “fresh air” and yet is easily accessible to 38th St., so that a person can get downtown in a hurry.

DISCUSSION PLANNED ON LAW REVISIONS

Plans for the revision and recodification of Indiana’s puilding laws by the 1941 Legislature will be discussed at the weekly meeting of he Construction League of Indianap next Thursday in the Architects and Builders Building. The program will be sponsored by the Indiana Society of Architects and Clarence T. Myers, league secretary, will have charge. William C. McGuire, of McGuire & Shook, architects, is chairman of the code committee of the state society. The Perfection Paint & Color Co., 715 E. Maryland St., had charge of yesterday’s program. Company officials gave talks on new developments in paint technique.

DOOR WATER-PROOFED WITH BRASS SADDLE

French doors are extremely popular in the home of today, but all too often the home owner finds it too difficult to weatherstrip them. One reliable method of making them water-proof and reasonably airtight is through the use of a fourinch brass saddle or sill with an interlocking metal strip on the bottom of the doors.

BUILT-IN CABINETS STORM SASH BALL & DURBIN

All But One of Homes in|]

FHA LOANS $3,000 - To $16,000 Total expense $40 to $48 - plus abstracting cost. INCLUDES FHA FEE ~

F.B. McKIBBEN RI-8727 556 - Consolidated Bldg.

[I I— “Sunbeam”

WARM AIR FURNACES

“STANDARD” PLUMBIN TP TOK SERSRS 9

Party Feb. 21.

The Indianapolis Real Estate Board will hold its 28th annual dinner dance and bridge party at the Indianapolis Athletic Club, Feb. 21. New officers will be formally installed. The dinner will start at 6:30 Pp. m. and the installation of officers is scheduled at 8 p. m. The dance will begin an hour later, with Bob McKittrick’s orchestra playing. Jack Dyer will serve as master of ceremonies. New Officers be installed are Guy/H. Williams, president; Rayd A. Franke, C. Grove, secretary, and Edward A. Hylle, treasurer. ‘They have been serving since Jan. 1. Outgoing officers are C. B. Durham, president; Louis Hensley, vice president; Walter M. Evans, secretary, and Robert B. Kershaw, treasurer. Committee members in charge of

‘chairman; Hensley, Jack Dyer, Warren M. Atkinson, Henry M. Otterbach, Thomas

ce president; C.|

Bridges & Graves Co.,, is in the Jackson Memorial Hospital with a broken arm, a fractured ankle and several broken ribs. Mr. Holloway, a realtor with the Indiana:Trust Co. received cuts on the face.. He was 26 cused from the hospital yesteray.

said, when their automobile crashed into a pole after it was crowded off a street in Miami by another car. The men had gone to Florida together for a vacation.

Carl Seyetter, Louis

business. write all lines of hazard insurance. ds the Helmus-Newman Co., Real-

tors, will be in 214 Peoples Bank Building.

The men were injured, friends|| -

Coa HS NURSERY CO. * FREE PHONE «

In addition, they will

Offices of the firm, to be known

I” 82nd Street afayette Road (U. 8. 52)

TRY A WANT AD IN THE TIMES,

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THE PEOPLES MUTUAL SAVING & LOAN ASSOCIATION

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A. C. ERBER —PLUMBING—

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PROMPT ACTION may permit filing Tax exemption for 1941. We will be glad to discuss the possibilities without any obligation to you. Call this week!

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210 S. Capitol

on on Everything! Diamonds, Watches, Watches, : Autos, Cameras, Clothing, Shotguns, Ete.

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GILBERT FORBES News Commentator - Dally Except Sunday 6:00 P. M.—WFBM

Oldest Loan Brokers in the State.

for 2

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